As of 2023, the average price for lithium-ion battery systems in Latvia ranges between €400-€650 per kWh, depending on capacity and application. Here's a breakdown: In 2022, a 20 MW solar farm near Riga integrated a 8 MWh battery system, reducing grid dependency during peak hours. European Energy sells 50% of its 111 MW Saldus solar and battery project in Latvia to Sampension, one of Denmark's largest pension funds. “Energy storage is a logical step in the development of our renewable energy. Project. Flow batteries, especially vanadium redox flow batteries (VRFBs), are gaining traction globally for their ability to store large amounts of energy over long durations. The Liepaja project, with a capacity of 20 MWh, is designed to address Latvia's growing reliance on wind and solar power.